Short Interest in XCHG Limited (NASDAQ:XCH) Decreases By 93.2%

XCHG Limited (NASDAQ:XCH) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 4,450 shares, a drop of 93.2% from the July 30th total of 65,678 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,392,450 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XCHG in a report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, XCHG has an average rating of “Reduce”.

XCHG Stock Down 7.0%

XCH stock opened at $4.22 on Wednesday. XCHG has a 52-week low of $4.01 and a 52-week high of $49.98. The stock’s fifty day simple moving average is $3,972.80 and its 200-day simple moving average is $6,587.41. The stock has a market capitalization of $17.22 million, a price-to-earnings ratio of -52.75 and a beta of -1.02.

XCHG Company Profile

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.